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24108 S Starcrest Drive Sun Lakes, AZ 85248

4 Beds 4 Baths 2,439 sqft Built 1998

$539,900

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $221.36
  • 5 Days on Market
  • MLS # : 6164141
  • Updated Date : 12/05/2020 at 00:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,439 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Completely redesigned floorplan-OVER 100K SPENT on remodel! Huge island, GAS range, QUARTZ countertops, FARM SINK, bar w/WINE FRIDGE, built-in SPICE RACK & trash storage, GLASS UPPERS w/LED lighting, S/S appliances & RANGE HOOD, LG dining area, POWDER RM off kitchen, ENORMOUS LAUNDRY RM, open great room + DEN/OFFICE, gigantic master suite w/sep exit to patio. Master bath has WIDE flush to floor WALK-IN shower w/3 SHOWER HEADS & freestanding SOAKING TUB, dual RAISED vanities w/LEATHER FINISH quartzite countertops, make-up station w/CHANDELIER + lg walk-in closet. PLANTATION SHUTTERS abound! EXTENDED back patio w/porcelain tile. Lot opens to walking path+ citrus in back. Detached GUEST QUARTERS w/ kitchenette & full bath, Front entrance has a lovely COURTYARD w/ pavers & ARTIFICIAL TURF!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sun Lakes

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360kPrice in $122k377k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sun Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10451981

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Jacobson Elementary School Primary Regular 889 41 9
Jacobson Elementary School Middle Regular 889 41 9
Hamilton High School High Regular 3,740 190 8

Jacobson Elementary School

  • Education Level: Primary
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Jacobson Elementary School

  • Education Level: Middle
  • # of students: 889
  • # of teachers: 41
9
GreatSchools Rating

Hamilton High School

  • Education Level: High
  • # of students: 3,740
  • # of teachers: 190
8
GreatSchools Rating
 

$485,910$593,890$539,900

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,992
Property Tax -$369
Property Insurance -$75
HOA -$30
Property Management Fees -$99
CASH FLOW
-$455

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$539,900

PROJECTED PRICE

$2,110

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,992

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,397

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,110

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,354

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$2,0503$2,1104$2,4505$2,650
$2,650
RENT COMPS ANALYSIS
  • 24108 S Starcrest Drive Sun Lakes, AZ 3
    • 4 beds 4 baths ∙ 2,439 Sqft ∙ Built 1998 4 beds 4 baths ∙ 2,439 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.87
    •  
  • 9502 E Rocky Lake Drive Sun Lakes, AZ 1
    • 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,350 Sqft ∙ Built 1995
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.80
    •  
  • 24427 S Rocky Brook Drive Sun Lakes, AZ 2
    • 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,123 Sqft ∙ Built 2002
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.97
    •  
  • 1957 W Yellowstone Way Chandler, AZ 4
    • 3 beds 3 baths ∙ 2,363 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,363 Sqft ∙ Built 2017
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.04
    •  
  • 1741 W Bartlett Way Chandler, AZ 5
    • 3 beds 2 baths ∙ 2,531 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,531 Sqft ∙ Built 1999
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.05
    •  
PROPERTY LISTING DETAILS
Suzy Steinmann
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164141
Last Updated: 12/05/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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